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Author Topic: how to become a TRADER  (Read 8048 times)
TravelMug
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November 24, 2017, 12:21:46 PM
 #181

I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.

First things first! You need to study the trading schemes and the trading market before you plunge in it. Many people who really want to try trading with little knowledge end up getting all their hard earned coins wiped out due to bad trades. To avoid that or to at least lessen the risks, it would be a good thing to know the venture you are entering.

There are many people came with the same question here in the trading discussion section and getting same replies from the various users with the same answers. You have to suggest these kind of person to find the Youtube videos or article instead of explaining it completely. Really feeling bad to see the same answers all the time. Let them surf about it learn more.
Even asides YouTube videos which can be very helpful, there are so many articles online or platforms that people can go to learn how to trade. Some are willing to teach for a price while some are willing to give you some little ways to trade safely. However, looking at the level of profit one would start making once one can start making quality decisions when it comes to trading, I would say it is worth it.

It got to be worth it because for the simply fact that you can really earn amounts. But you need to spend more time so that you can gain enough knowledge on how to make quality decisions along the way. Mind you, at the very beginning of your career you will be too emotional. Just learn how to control it though.

Thousands of videos on youtube exists but just be careful. Just filter it out because some of the tips and knowledge shared in youtube is completely rubbish. I can't remember the videos that I have seen that's instrumental on my trading journey. But I'm sure you will find one that will fit your needs.

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November 24, 2017, 01:01:59 PM
 #182

I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
becoming a trader isn't difficult. The most important thing is to become a good trader. This requires that you have a good understanding of btc and altcoins as well as the crypto market. In the addition, you need to accumulate experience for yourself through the investment to be able to succeed. And you should start with a small amount of money.

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November 24, 2017, 01:25:39 PM
 #183

The basic rule is buy low and sell high. Now if you want more profit, go research your dsired coin to buy and it's potential and hope it rises in future.

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November 24, 2017, 03:09:02 PM
 #184

I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.

Its great that you are trying trading. You should just trade and try to earn more money. After that you will get more skill and experience. Just DO IT!
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November 24, 2017, 03:56:28 PM
 #185

The basic rule is buy low and sell high. Now if you want more profit, go research your dsired coin to buy and it's potential and hope it rises in future.
Really basic and cant help newbie much with trading. But search for potential coin is good way to take huge profit.  Wink

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November 24, 2017, 04:26:15 PM
 #186

very easy to be a trader. just buy the bitcoin, or altcoin that you think it will develop in the future. hold it for a period of time. if you think enough, you can sell it. Do this continuously, and congratulations, you become a trader.

I don't think trading is an easy job because there are lot of risks in trading maybe you will lose your investment if you do trading blindly so choose best coin i suggest bitcoin will be a good coin for a beginner because bitcoin price is stable and keeps increasing but in bitcoin trading the profit will be less so try to do more more trares as much you can to have more profits.

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November 25, 2017, 04:33:09 AM
 #187

You can become a trader just by doing trade. All you have to do is research and learn everything you can before you chose to invest in a coin or token. You should be confident enough before investing in that particular project. And when you are,invest and have patience and faith. You just keep yourself updated with the charts everyday. If you think that selling that coin will be profitable for you, no matter if it's just 5% profit, just sell, if you want to. In the start when you're a new trader, go for LEARNING things and not EARNING profits.
Good luck in the whole journey! Smiley
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November 25, 2017, 01:37:17 PM
 #188

I am also a newbie to trading, but I was able to take some free courses on the basics of Bitcoin trading and that has helped immensely with my confidence and ability to trade cryptocurrency. I was fortunate enough to get a hold of some Bitcoin before the most recent surge in prices.
You have done amazing then. Seriously there have been only one issue with bitcoin traders now a days, they don’t know much about practical world. Only learning and reading books and articles don’t help you in being a good trader. Rather you have to make everything better in your life by practicing. I think everyone should follow this rule and they must practice something before diving into this divine sea.
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November 25, 2017, 01:57:57 PM
 #189

If you want to become a trader then you should put some passion to it because it is not easy if you don't put passion in trading and you need to put a lot of attention and time in studying or learning how to trade because if you don't put enough things in trading then you will just lose chance to become a good trader.



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November 25, 2017, 03:27:27 PM
 #190

To become a trader you have to understand the psychology of the crowd and always do a survey before starting trading. This will make you reduce the risk of investing because you just need to know the good news, then the altcoin will probably help you make a profit.

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November 25, 2017, 04:33:09 PM
 #191

I think you should start with the small surfing you should find video tutorials that you see candles, rsi, macd are small tasks. I think you should take a small amount of money to test it out. You should also learn to preserve your capital to reduce the risk of losing money as little as possible. Wish success.

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November 25, 2017, 06:25:57 PM
 #192

Preparing the knowledge is the most important thing you have to do before being the trader.
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November 25, 2017, 08:35:53 PM
 #193

Trading is difficult. I strongly suggest to do a lot of research and play around on a practice account with trading cryptos. You'll need an initial investment of at least $100 i would say and after that the work and research you do strongly affects how successful you will be. There are plenty of resources online to help you get started... look on udemy for courses.

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November 25, 2017, 09:30:36 PM
 #194

I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
To become a trader you need knowledge related to the financial world, marketplace and you have to know details about the projects related to altcoins. If you want to be a good trader, then you need also experience.
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November 25, 2017, 10:01:03 PM
 #195

I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
You will not earn in trading as easy as you think it will. Ofcourse, trading is also risky just like gambling. You will buy bitcoin in a particular time, without idea on weather it will go higher so you could sell it and have a profit. So you will never know, unless you are knowledgeable enough about the bitcoin price, you monitored it when will it goes up and down. So you will also know when you are going to buy and sell.
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November 25, 2017, 10:12:27 PM
 #196

If you want to become a trader then you should put some passion to it because it is not easy if you don't put passion in trading and you need to put a lot of attention and time in studying or learning how to trade because if you don't put enough things in trading then you will just lose chance to become a good trader.

True, many people think themselves as good traders, actually they lack lots of skills in trading and they don't want to develop their skills by educating themselves. We must be honest all the time.

I read many blogs, articles, sources. I also do trade on the platforms to become a good one.
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November 25, 2017, 10:28:48 PM
 #197

I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.

i think you have the same thought with every trader in the world when you say that you prefer more profit than trading.
have you ever been thinking how we get profit without trading? it is not possible.
profit is coming from trading ( if talk about trading not gambling ), so at least you buy some coin and hold it then sell when price high ( like swing trader ).
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November 27, 2017, 08:27:04 AM
 #198

I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
invest a lot of capital and good at reading up and down market prices.
Besides what you have said here, I think learning make you a better trader rather investing big amount. You have two options when you find any results of your trading. Either you win or you lose. So in case of loss, you must need to learn what the mistakes that produce this bad results are. Ignore that mistakes next time and earn better. Learn and teach, better trader you would be.
It obviously does. Trading is a profession and except for those who want to see it otherwise or as gambling, then I bet they just have to keep depending on their luck when they are buying low and selling high like some people have been saying.

Every profession requires learning and no one was born a Doctor, Lawyer, Engineer etc. They learned and became good at it and with experience they even became better. Trading is not different and which is why a lot of people have failed when it comes to trading.
There is absolutely no point of denying this fact that trading is very much important as well risky thing to do. It requires lot of motivation and self-determination along with good amount of knowledge and sharp mind. If you really want to become a trader, then you have put in best of your best efforts for learning something about trading. You get to know the things with passage of time, so you have to be patient as well.

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November 29, 2017, 07:34:07 AM
 #199

You can become a trader just by doing trade. All you have to do is research and learn everything you can before you chose to invest in a coin or token. You should be confident enough before investing in that particular project. And when you are,invest and have patience and faith. You just keep yourself updated with the charts everyday. If you think that selling that coin will be profitable for you, no matter if it's just 5% profit, just sell, if you want to. In the start when you're a new trader, go for LEARNING things and not EARNING profits.
Good luck in the whole journey! Smiley
Trading is not a difficult job rather it is a bit tricky in nature. The trader must have patience and a calm mind, otherwise he will face loss. The most important skill of a trader is to take right decision at right time and it can be done only if he has a good understanding of the asset he is dealing with and trust his investment. This can be achieved only by having a cool nature and deep sight.
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November 29, 2017, 07:59:03 AM
 #200

You will become a trader if you succeed in trading Crypto. To succeed you need to be able to monitor and research this new market. Learn from internet knowledge and trading groups on crypto trading.
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